Dubai – Mubasher: Dubai Financial Market Company (DFMC) on Sunday posted a net profit of AED 86 million for the first quarter of the year ending 31 March 2016, a 27% rise from AED 67.7 million achieved in the corresponding period of 2015.
The company’s total revenue grew 11% to AED 127 million in Q1-16 compared to AED 114.5 million during Q1-2015, according to a company statement.
DFMC’s revenues include AED 105.6 million in operating income and AED 21.4 million of investment returns, the company said, adding that operating expenses reached to AED 46.2 million during Q1-2016 compared to AED 46.8 million in the same period of 2015.
DFM’s trading value increased 7.56% in Q1-16 to AED 40.58 billion from AED 37.7 billion in the year-ago period. Trading commission is the main revenue stream for the Company, the statement said.
Commenting on DFMC’s financial results, chairman Essa Kazim stated that” “DFM’s ability to contain the repercussions of low oil prices, being one of the best performing markets globally during the first quarter underlines investors’ confidence in the strong fundamentals of the national economy.”
